Northwire Canada EditionFriday, July 10, 2026
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S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.05 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.32 +12.1% TUNG 1.73 +2.4% LGO 1.00 −3.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.50 +1.1% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0% S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.05 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.32 +12.1% TUNG 1.73 +2.4% LGO 1.00 −3.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.50 +1.1% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0%
Drill Results Routine +

1911 Gold Reports High-Grade Drill Results from Ogama-Rockland Intersecting 10.41 g/t Gold over 3.40 m, including 32.40 g/t Gold over 1.00 m

Satellite Exploration Success Supports 2027 Restart Thesis Despite Financing Costs

By The Northwire Desk — AI Analysis May 26, 2026 · 07:02 AUMB · 0.855 1911 Gold Corporation
Executive Summary
  • Date: May 26, 2026
  • Headline: 1911 Gold Reports High-Grade Drill Results from Ogama-Rockland Intersecting 10.41 g/t Gold over 3.40 m, including 32.40 g/t Gold over 1.00 m
  • Project Focus: Surface resource expansion and confirmation diamond drill program at the Ogama-Rockland Gold Deposit in Manitoba.
  • Key Intercepts:
    • OR-25-001: 10.41 g/t Au over 3.40 m (including 32.40 g/t Au over 1.00 m)
    • OR-26-004: 46.10 g/t Au over 0.60 m
  • Resource Update: Updated mineral resource estimate for Ogama-Rockland expected by end of Q2-2026.
  • Economic Integration: Metallurgical test work underway to confirm suitability for the True North processing facility.
  • Future Outlook: Ogama-Rockland will be included in an updated and expanded Preliminary Economic Assessment (PEA) expected in Q4 2026.
  • Exploration Plan: New drill programs planned for southeast extensions of the Rice Lake greenstone belt scheduled for H2 2026.
Material Impact
  • Contextual Analysis: The most recent news follows a series of positive operational milestones, including the commencement of underground development at True North (May 19) and L10 Zone drilling results (May 12).
  • Expectation Check: This news was anticipated following the December 2025 announcement that Ogama-Rockland drilling would commence (NewsId: 114171). The high-grade nature of the intercepts confirms the geological model but does not fundamentally alter the immediate production timeline for the flagship True North project.
  • Materiality Determination: While positive, this is classified as Routine - Positive because it represents expected exploration progress rather than a sudden change in the company's valuation drivers (e.g., new financing, takeover bid, or major resource expansion that changes the PEA base case immediately). The primary value driver remains the True North 2027 restart.
  • Strategic Value: The results de-risk the satellite deposit contribution to the Q4 2026 PEA update, potentially adding optionality to the mill feed or extending mine life beyond the initial 11-year profile.
AUMB · Price
Company Overview
  • Company: 1911 Gold Corporation (TSX-V: AUMB).
  • Flagship Project: True North Gold Project (Manitoba, Canada).
  • Project Status: Development stage; targeting production restart in 2027.
  • Infrastructure: Existing permitted underground infrastructure with a replacement value of >$400 million. Includes a 1,300 t/d processing plant and shafts.
  • Production Profile (PEA): Steady-state production of ~58,114 oz Au/year over an 11-year mine life.
  • Satellite Projects: Ogama-Rockland Gold Deposit (high-grade surface resource) and Rice Lake Greenstone Belt exploration targets (SAM W, SAM SE, Shore).
Read the original news release →

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